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How much money should I make a month to rent a $450 Apartment?

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  • How much money should I make a month to rent a $450 Apartment?


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Answer #1 | 22/12 2013 19:45
Roughly 3x your rent.....so no less than $1500/mo.
Positive: 55 %
Answer #2 | 22/12 2013 19:55
In order to be on the safe side, stick with 25% of your income in rent. This means you should make 450X4=1800/mo
Positive: 49 %
Answer #3 | 22/12 2013 20:10
You need gross income minus any debt/ support payments (credit cards, car loans, child support, etc) of about 3 times rent. From what you say, gross income of $1350 or more should do it. Of course you'll also need decent credit, 2-3 months worth of cash saved up, and nice history and references would help.
Positive: 29 %
Answer #4 | 22/12 2013 20:14
You will each need to make at least 1350 to qualify. You are not married so if one of you leaves the other must be able to make the payments. This happens all the time.
Positive: 10 %
Answer #5 | 22/12 2013 20:57
Most places require the person whose name is on the lease to make 3x the rent to qualify to live there.
Positive: 10 %
Answer #6 | 23/12 2013 13:11
3-4 times MORE than the $450..........:)
Positive: 10 %

Possible answer

... per month using RentLingo's rent ... should try to save up as much money as ... makes $4,500/month after tax, then you should ...
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Positive: 55 %
... range from $450 to $650 a month. ... much money if you have to make major ... on your rental properties, that money should not be used ...
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Positive: 50 %
How much house can you ... Should all of the extra money have to come from a bigger ... you'll have to make significant changes in other parts of ...
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Positive: 36 %
... the adage that “you’re throwing money away when you rent ... total you make in a month, ... how much I should spend on renting an apartment.
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Positive: 13 %

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